Saudi Airlines buys Boeings

Saudi Arabian Airlines ordered 12 Boeing 777-300 “Extended Range” (ER) planes for $3.3bn (£2.04bn), with an option for 10 more 777s, the US firm Boeing (BA.N) said yesterday.

The national carrier, which is in the process of being privatised, also ordered eight Boeing 787 dreamliners for its long- haul fleet but did not give a price for that order. “Our decision to order the 777-300 ER is part of a long-term growth strategy," said the airline’s director Khaled al-Mulhim.